Greif (GEF) FY2012 results: revenue $4.1 billion, down 2.8% on the year
Greif, Inc. (GEF) reported revenue of $4.1 billion for fiscal 2012, the year ended 31 October 2012, down 2.8% on the year before. Net income was $118 million, down 33.5%. The figures are the company's own, from the 10-K it filed with the SEC on 26 December 2012.
Revenue
$4.1 billion
-2.8% on the year
FY2008FY2012
Operating margin
6.8%
7.8% a year earlier
FY2008FY2012
Net income
$118 million
-33.5% on the year
FY2008FY2012
Diluted EPS
n/a
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,130
4,248
3,462
-2.8%
Cost of revenue
3,350
3,450
2,760
-2.9%
Gross profit
780
798
701
-2.3%
Gross margin
18.9%
18.8%
20.3%
Selling, general and administrative
469
454
365
+3.5%
Operating income
281
330
321
-14.9%
Operating margin
6.8%
7.8%
9.3%
Interest expense
2.2
76.0
65.5
-97.1%
Pre-tax income
183
241
248
-23.8%
Income tax
61.1
65.0
43.5
-6.0%
Effective tax rate
33.3%
27.0%
17.5%
Net income
118
178
203
-33.5%
Net margin
2.9%
4.2%
5.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
473
172
178
+174.8%
Capital expenditure
166
162
144
+2.2%
Free cash flow
307
9.9
34.0
+3,005.1%
Free cash flow margin
7.4%
0.2%
1.0%
Cash from investing
-154
-500
-425
Cash from financing
-352
348
244
Depreciation and amortisation
156
144
116
+7.9%
Share-based compensation
3.6
4.2
8.1
-14.3%
Buybacks
0.1
15.1
2.7
-99.3%
Dividends paid
97.7
97.8
93.1
-0.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,191
1,214
1,193
-1.9%
Non-controlling interest
120
128
116
-6.5%
Debt
1,276
1,521
1,026
-16.1%
Other liabilities
1,270
1,326
1,146
-4.2%
Total liabilities and equity
3,857
4,189
3,482
-7.9%
Fixed assets
1,425
1,435
1,290
-0.7%
Goodwill
971
1,003
707
-3.2%
Intangible assets
199
229
172
-13.2%
Cash and equivalents
91.5
127
107
-28.2%
Receivables
454
561
475
-19.1%
Inventory
374
429
395
-12.9%
Other assets
343
402
335
-14.7%
Total assets
3,857
4,187
3,482
-7.9%
10-K for the year ended 31 October 2012, filed 26 December 2012: the filing.